Asia Broadband, Inc. (OTC:AABB) is a useful resource firm centered across the manufacturing, provide, and sale of metals, focusing totally on Asian markets. They purchase extremely potential gold initiatives in Latin America after which distribute manufacturing all through their intensive world gross sales community.
Asia Broadband at the moment holds over $100 million in belongings, a 500% improve from final yr. The corporate is buying and selling in consolidation mode and reached new highs in February, resulting in the year-to-date inventory being up over 1,500%.
Not too long ago, the corporate introduced it had obtained $2.8 million. The supply of their new capital got here from 4 administrators of Asia Broadband for the acquisition of most popular shares.
The 28 million non-convertible, most popular shares have been issued at $0.10 per share with every share, with 100 voting rights and equal participation with widespread shares for all future dividends.
Asia Broadband President and CEO Chris Torres bought $2.4 million of the overall most popular share issuance, stating: “Our total administration group is dedicated to the corporate’s development and profitability and we’ve emphatically demonstrated this with a considerable long-term funding to gas the enlargement of our gold manufacturing and digital asset divisions. Our focus and dedication to reach each space of the corporate’s enterprise has intensified now with our capital contribution.”
All capital obtained shall be distributed amongst Asia Broadband’s capital enlargement packages.
On prime of their coping with metals, Asia Broadband additionally has a number of digital asset sectors, together with a digital asset pockets and a gold pegged digital asset.
AABB Pockets
Final yr, Asia Broadband launched its personal digital asset pockets referred to as the AABB Pockets. The pockets was designed to maintain your digital belongings safe and your information personal. The AABB Pockets collects no information, and each transaction made by them is totally invisible to 3rd events.
The AABB Pockets is open to trades and purchases for these trying to switch AABB Gold tokens (AABBG) to different AABB Pockets customers. That is completed to extend AABB Gold token circulation and generate income to assist and stabilize the token value as soon as AABBG is brazenly tradable.
The pockets has many stand-out options that make it a novel possibility amongst different digital asset wallets. This consists of immediately sending and receiving digital belongings with no deposit charges and low transaction charges. The iTransfer characteristic permits customers to securely ship AABB Gold and different digital belongings by way of electronic mail, textual content, social media, and extra.
The pockets may even be releasing a Service provider API characteristic which is able to enable B2B and B2C transactions to be made utilizing the AABB Pockets. This characteristic will enable retailers to ascertain loyalty packages whereas additionally letting clients earn cashback.
Lastly, Asia Broadband is creating a web based digital asset fee processing resolution permitting companies to simply accept world digital belongings from their web site.
AABB Gold
The beforehand talked about AABB Gold is Asia Broadband’s digital asset and is backed by bodily gold. Being pegged with gold permits the asset to profit from each gold and digital asset options, guaranteeing it should keep the potential for value appreciation from each markets.
Whereas AABB Gold is a standard digital asset, it has the qualities of a stablecoin. The token’s value is supported at a minimal of 0.1 grams spot value of gold and is backed by $30 million in bodily gold.
AABB Gold’s most original facet that units it other than different digital belongings is its vertical integration of Mine-to-Token gold-backing. Asia Broadband holds bodily gold belongings to thoroughly again the token from the mining manufacturing phase of the corporate.
As the corporate progresses, it should proceed to optimize its capital utilization by implementing its mining manufacturing and acquisition technique in areas of Mexico. Additionally, the corporate’s digital asset divisions just like the AABB Gold token, AABB Pockets, AABB Alternate and NFTs will proceed increasing and creating at an accelerated charge as time progresses.
